Check out the companies making headlines in midday trading: Virgin Galactic — The struggling space company slid 15% as the stock's 1-for-20 reverse stock split took effect.
The company also announced that Brenda Morris, who served as interim CEO, will remain on its board of directors.
Autodesk — Shares gained more than 6% following activist fund Starboard Value taking a $500 million stake in the software company.
The company beat earnings and revenue estimates for the second fiscal quarter last week, and it announced a 10-for-1 stock split.
Chipotle — The restaurant chain's stock rose nearly 3% ahead of the company's 50-for-1 stock split , which is how it will begin trading at the market open on June 26.
Persons:
Mark King, Brenda Morris, BTIG, Goldman Sachs, Corning, Fox, Chipotle, —, Alex Harring, Yun Li
Organizations:
Virgin Galactic, AMC Networks, Autodesk —, Broadcom, Shattuck Labs, Louisiana - Pacific, TDK, Apple, UBS, Fox Advisors
Locations:
Louisiana